MINT- an opportunity to diversify Sri Lanka’s export markets

The Island - 23/07/2014
By Nikita Samaratunga

In 2001, economist Jim O’Neill famously coined the term ‘BRIC’ to refer to the newly emerging economies of Brazil, Russian, India, and China. In 2014 O’Neill has now popularized a newer and what the BBC calls ‘fresher’ term – MINT – Mexico, Indonesia, Nigeria and Turkey (put forward by Fidelity Investments).

In a time where many developed nations are facing a crisis with regard to their ageing population, what makes MINT stand out, according to O’Neill, are their favourable demographic statistics. Mexico, Indonesia, Nigeria and Turkey are four of the world’s most heavily populated emerging economies, with populations of 118, 237, 174 and 73 million respectively. To add to that in the next 20 years all four countries will see a rise in the number of economically active workers to inactive - meaning they will have a declining dependency ratio. What this will do is ease the burden off the government. In recent years an increasing dependency ratio has plagued countries from the UK to Japan, putting pressure on government budgets and the shrinking work force. Thus the demographics of MINT will certainly be a source of envy for their more developed counterparts.

“Sri Lanka will be in the next five emerging countries”: French Ambassador

Daily FT- 23-07-2014

A session on ‘Bilateral Trade between Sri Lanka and France’ organised by the National Chamber of Commerce was held with the participation of  Ambassador of France Jean Paul Monchau, as a Special Guest Speaker and assisted by Commercial  Counsellor of the Trade Section of the Embassy Jean Louis POLI, at the Chamber, last week. Additionally Government senior officials- Director General Commerce, Director General, Export Development Board and Board of Investment graced the occasion.

Sri Lanka Plast and Rubexpo launch in August

Daily FT - 21/07/2014

Enterprising Fairs India Limited, a B2B exhibition company from India, has collaborated with the Plastics and Rubber Institute of Sri Lanka (PRISL), to conduct their second edition of Sri Lanka Plast – a Plastics Expo and the first edition of Rubexpo – a Rubber Expo on 14, 15 and 16 August 2014 at BMICH, Colombo. The Ministry of Industry and Commerce (MOIC), Export Development Board (EDB), Industrial Development Board (IDB), Rubber Research Institute of Sri Lanka (RRISL) and Central Institute of Plastics and Engineering Technology, a government body of India (CIPET) have also extended their support to these B2B exhibitions.

Lankan boats get international exposure

Ceylon Today - 20/07/02014
By Ravi Ladduwahetty

Sri Lanka's boatbuilding capability for international markets will be further showcased when the Boat Show and Fisheries Exhibition 2014 will be held at the Dickowita Fisheries Harbour from 10-12 October.

Also coinciding with this event will be the International Council of Marine Industry Associations (ICOMIA) regional parley, which will be held at the Pegasus Reef Hotel, also from 10-12 October. Both events will be hosted by the Sri Lanka Export Development Board (SLEDB) in collaboration with the Boat Building Technology Improvement Institute (BTI) and the Building A Future (BAF) Foundation.

EDB enters WTO global benchmark

Daily News - 17-07-2014

For the first time, the Export Development Board has entered WTO, UNCTAD, ITCs benchmark of global export agencies and finished among the top ten. EDB has come to the sixth spot among 30 national trade promotion organisations across the world, benchmarked by the International Trade Centre under WTO and UNCTAD. EDB's score in 2012 study is above average and the next level to move is 80% "High level TPO Performance" category and then, finally to 100% -what we call "world class".

"EDB has done quite well in International Trade Centre's 2012 Lanka EDB benchmarking test. EDB has come to sixth spot among 30 national trade promotion organisations across the world, benchmarked by us-the International Trade Centre under WTO and UNCTAD" said Geneva based Martin Labbe (Senior Officer, Trade Support Institutions Strengthening, International Trade Centre, Switzerland) in Colombo addressing the inaugural session of the four day "Performance Improvement Roadmap for Sri Lanka's EDB by ITC" at the EDB Auditorium, Colombo.

‘France’s economic power to weld with Sri Lanka’s rapid growth’

The Island - 15/07/2014
By Steve A. Morrell

‘Preparations for CHOGM. Colombo was a busy hive of activity. We were wondering if infrastructure for that event could be completed. It was done. No problem. It was a substantial undertaking of deft organization; of things falling into place. Of every little detail being

observed and the main event worked off with clinical attention to detail, said Ambassador of France to Sri Lanka Jean-Paul Monchau recently, talking to the business community and the press at the National Chamber of Commerce auditorium.

Boat Show 2014 to attract major buyers to Dickowita

Daily News - 16-07-2014
By Indunil Hewage

Fisheries and Aquatic Resources Minister Rajitha Senaratne, Boat Building Technology Improvement Institute Lanka Chairman Neil Fernando. and officials at the official launch of Boat Show 2014. Picture by Sumanachandra Ariyawansa
South Asia’s premier boat show and fisheries exhibition, ‘Boat Show 2014’ organized by Boat Building Technology Improvement Institute (BTI), Sri Lanka Export Development Board and Lanka Exhibition and Conference Services will take centre stage from October10 to12 at the Dickowita Fishery Harbour.

The theme of the event is ‘Promotion of Leisure Boating in Sri Lanka’.

The main objective of the event is to attract buyers from all corners of the globe, while positioning Sri Lanka as the hub for the industry in South Asia and to develop a forum between buyers and sellers to facilitate industry growth. The main feature of this year’s event will be the meeting of the International Marina Group of the ICOMIA, concentrating on the promotion of marina development and the development of leisure boating tourism.